BSV Fund Description

BSV tracks a market-weighted index of US-government bonds, investment-grade corporate and investment-grade international dollar-denominated bonds with maturities of 1-5 years.

BSV Factset Analytics Insight

BSV is a large, liquid ETF that holds a mix of investment-grade, dollar-denominated debt issued in the US with 1-5 years remaining in maturity. Treasurys dominate the basket, which also includes corporates, agency issues, and a small amount of foreign debt issued in USD. “Short-term” is in the eye of beholder: The inclusion of bonds maturing in 3 to 5 years gives BSV a longer-dated portfolio than our benchmark, which tracks bonds in the 1- to 3-year bucket exclusively. The hefty chunk of longer-dated bonds increases BSV’s weighted average maturity, interest-rate risk and yield compared with our benchmark.The exposure comes cheap—a low fee, solid tracking and strong trading volume keep all-in costs low. We estimate underlying liquidity to be middling, which is par for the course. The lone, small drawback for BSV is the issuer’s lack of transparency, as holdings are only posted monthly with a two-week lag. Note: Former rival ISTB changed indexes in 2014 to include high-yield bonds, which BSV avoids.

BSV MSCI ESG Analytics Insight

The MSCI ESG Fund Quality Score measures the ability of ETF underlying holdings to manage key medium to long-term risks and opportunities arising from environmental, social, and governance factors, as determined by MSCI ESG Research LLC. As of May 23, 2019 the Vanguard Short-Term Bond ETF MSCI ESG Fund Quality Score is 6.30 out of 10.

The fund’s Peer Rank reflects the ranking of a fund’s MSCI ESG Fund Quality Score against the scores of other funds within the same peer group, as defined by the Thomson Reuters Lipper Global Classification. BSV ranks in the 81st percentile within its peer group and in the 73th percentile within the global universe of all funds in MSCI ESG Fund Metrics coverage.

BSV Factset Analytics Block Liquidity

This measurement shows how easy it is to trade a $1 million USD block of BSV. BSV is rated a 5 out of 5.

BSV Tradability

Avg. Daily Share Volume
1,533,522

Average Daily $ Volume
$121.71M

Median Daily Share Volume
1,088,849

Median Daily Volume ($)
$86.28M

Average Spread (%)
0.01%

Average Spread ($)
$0.01

Median Premium / Discount (12 Mo)
0.04%

Max. Premium / Discount (12 Mo)
0.12% / -0.06%

Impediment to Creations
None

Market Hours Overlap
100.00%

Creation Unit Size (Shares)
100,000

Creation Unit/Day (45 Day Average)
10.89

Creation Unit Cost (%)
0.00%

Underlying Volume / Unit
--

Open Interest on ETF Options
39

Net Asset Value (Yesterday)
$79.74

ETF.com Implied Liquidity
5

BSV Sector/Industry Breakdown

BSV

Segment Benchmark

Treasury

63.69%

--

Industrial

12.81%

--

Financial

12.53%

--

Government Agency

8.37%

--

Utility

1.13%

--

Government National

0.80%

--

Government Regional

0.57%

--

General obligation

0.05%

--

Revenue

0.04%

--

BSV Top 10 Holdings[View All]

United States Treasury Notes 2.25% 30-APR-2024
0.81%

United States Treasury Notes 2.25% 15-APR-2022
0.49%

U.S. Dollar
0.48%

Morgan Stanley 7.3% 13-MAY-2019
0.07%

JPMorgan Chase & Co. 6.3% 23-APR-2019
0.06%

HSBC Holdings Plc 2.65% 05-JAN-2022
0.06%

Federal National Mortgage Association 2.25% 12-APR-2022
0.06%

Royal Bank of Scotland Group plc 3.875% 12-SEP-2023
0.05%

KfW Bankengruppe 2.375% 24-MAR-2021
0.05%

HSBC Holdings Plc 3.262% 13-MAR-2023
0.05%

Total Top 10 Weighting
2.18%

BSV Top 5 Countries

BSV

Segment Benchmark

United States

89.22%

--

Canada

1.80%

--

United Kingdom

1.64%

--

Germany

1.28%

--

Luxembourg

1.22%

--

BSV Top 5 Currencies

BSV

Segment Benchmark

USD

99.90%

--

CAD

0.06%

--

BSV Performance Statistics

Goodness of Fit (R2)
0.98

Beta
1.11

Up Beta
--

Down Beta
--

Downside Standard Deviation
--

BSV MSCI ESG Ratings

MSCI ESG Quality Score
6.30 / 10

Peer Group Percentile Rank
80.56

Global Percentile Rank
73.07

SRI Screening Criteria Exposure
2.47%

Exposure to Sustainable Impact Solutions
1.12%

Weighted Average Carbon Intensity (t CO2e/$M Sales)
188.95

BSV HOLDINGS STATISTICS

BSV

Segment Benchmark

Weighted Avg. Maturity

--

--

Effective Duration

2.63

--

Key Rate Duration (2 year)

--

--

Key Rate Duration (10 year)

--

--

Yield to Maturity

2.48%

--

Credit Spread Duration

2.64

--

Concentration

High

--

Number of Holdings

130

--

Weighted Avg. Credit

--

N/A

BSV MATURITY DISTRIBUTION

BSV

Segment Benchmark

0 - 1 Year

--

--

1 - 3 Years

--

--

3 - 5 Years

--

--

5 - 7 Years

--

--

7 - 10 Years

--

--

10+ Years

--

--

BSV CREDIT BREAKDOWN

BSV

Segment Benchmark

AAA

--

--

AA

--

--

A

--

--

BBB

--

--

BB

--

--

B

--

--

CCC

--

--

CC

--

--

C

--

--

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MSCI ESG Research LLC’s ("MSCI ESG") Fund Metrics products (the "Information") provide environmental, social and governance data with respect to underlying securities within more than 24,000 multi-asset class Mutual Funds and ETFs globally. MSCI ESG is a Registered Investment Adviser under the Investment Advisers Act of 1940. MSCI ESG materials have not been submitted to, nor received approval from, the US SEC or any other regulatory body. None of the Information constitutes an offer to buy or sell, or a promotion or recommendation of, any security, financial instrument or product or trading strategy, nor should it be taken as an indication or guarantee of any future performance, analysis, forecast or prediction. None of the Information can be used to determine which securities to buy or sell or when to buy or sell them. The Information is provided "as is" and the user of the Information assumes the entire risk of any use it may make or permit to be made of the Information.